NORTHVILLE, Mich. and
GUANGZHOU, China, March 26, 2014 /PRNewswire/ -- Gentherm
Incorporated (NASDAQ-GS: THRM), the global market leader and a
developer of innovative thermal management technologies, announced
today that it will introduce a new entry level thermal conditioning
system for beds and Climate Control System for home furniture at
the 2014 China International Furniture Machinery & Furniture
Raw Material Fair, Asia's largest
furniture supplier trade fair. The Fair will be held from
March 28-April 1 in Guangzhou, China.
Gentherm technology on display in the Gentherm booth (Hall 15.1,
Booth H09) will include a new Heat Vent Sleep System (HVSS)
installed in mattresses; the Climate Control Sleep System™ (CCSS™)
already on the market in mattresses; a new Climate Control System
for Furniture featured for the first time in an attractive sofa and
a Heat Vent office chair with battery power for unrestricted
mobility already on the market. All products thermally
condition personal environment rather than entire rooms, and
utilize proven technology installed in millions of automotive
seats.
"We continue to see significant opportunities for our thermal
heating and cooling and ventilating technologies," said President
and Chief Executive Officer Daniel R.
Coker. "We are targeting the furniture and bedding
markets in particular because of the increasing desire of consumers
for comfort along with the ability to actively control their own
environment. We see these very large furniture fairs as an
important opportunity to introduce our products and showcase the
ways our technology can bring value to these large, global
markets."
HVSS, Gentherm's new entry level thermal conditioning system for
beds, is a sister product to the Company's CCSS for mattresses.
Both systems create a micro-climate for each side of the bed
via individual remotes and save energy by conditioning the bed
rather than the entire room. HVSS uses active heating and
passive ventilation cooling while CCSS uses solid state
thermoelectric devices to thermally condition ambient room
air.
Climate Control Systems for furniture allow for 3 levels of
active heating and active cooling via a wired remote and are
available for a single surface (cushion) or dual surfaces (cushion
+ back).
The China International Furniture Machinery & Furniture Raw
Materials Fair is recognized as the largest and most comprehensive
furniture supplier fair in Asia,
with the aim of offering an "all-in-one package manufacturing
solution" for the furniture production industry.
About Gentherm
Gentherm (NASDAQ-GS:THRM) is a global
developer and marketer of innovative thermal management
technologies for a broad range of heating and cooling and
temperature control applications. Automotive products include
actively heated and cooled seat systems and cup holders, heated and
ventilated seat systems, thermal storage bins, heated automotive
interior systems (including heated seats, steering wheels, armrests
and other components), cable systems and other electronic
devices. The Company's advanced technology team is developing
more efficient materials for thermoelectric and systems for waste
heat recovery and electrical power generation for the automotive
market that may have far-reaching applications for consumer
products as well as industrial and technology markets.
Gentherm has more than 7,500 employees in facilities in the U.S.,
Germany, Mexico, China, Canada, Japan, England, Korea, Malta, Hungary and the Ukraine. For more
information, go to www.gentherm.com.
Except for historical information contained herein,
statements in this release are forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements include
statements regarding future activities, new products, customers,
markets and technologies, future revenue growth and profitability,
and other forward-looking opportunities. Forward-looking statements
involve known and unknown risks and uncertainties which may cause
the Company's actual results in future periods to differ materially
from forecasted results. Those risks include, but are not limited
to, risks associated with failure to develop new sales, products,
customers or technologies, new competitors and general adverse
conditions in the industries in which the Company operates. Those
and other risks are described in the Company's annual report on
Form 10-K for the year ended December 31,
2013 and subsequent reports filed with the Securities and
Exchange Commission (SEC), copies of which are available from the
SEC or may be obtained from the Company. Except as required by law,
the Company assumes no obligation to update the forward-looking
statements, which are made as of the date hereof, even if new
information becomes available in the future.
Contact:
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Allen & Caron
Inc
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Jill Bertotti
(investors)
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jill@allencaron.com
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Len Hall
(media)
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len@allencaron.com
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(949)
474-4300
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SOURCE Gentherm